President Ferdinand R. Marcos Jr.’s proclamation of two new economic zones in Batangas Province and Bacolod City will “certainly bolster and spread economic growth” outside the National Capital Region, according to the Peza. Know more:
PRESIDENT Ferdinand R. Marcos Jr.’s proclamation of two new economic zones in Batangas Province and Bacolod City will “certainly bolster and spread economic growth” outside the National Capital Region, according to the Philippine Economic Zone Authority .On April 14, Peza said the president signed Proclamation No. 200 promulgating a new IT park ecozone at Lacson Street in Banago, Bacolod City, to be known as Robinsons Cyberpark Bacolod, which Peza said has P777.
With these proclaimed ecozones, Peza Director General Tereso O. Panga expressed optimism the agency is on track to hitting its target growth of 10 percent for 2023. Panga noted, “It is exactly what we need to continue what the Administration is gearing towards: Inclusive economic development where thousands of jobs are created in the respective jurisdictions.”Meanwhile, Peza recorded P12.537 billion worth of investments for the first quarter of 2023, a 53.99-percent increase from the P8.141 billion in approved investments recorded from the same period in 2022.
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